What are your thoughts here, kenny? Seems that with easy money Bernanke at the wheel, you'd be better off just parking your money in an ING account and drawing 0.75%.

Or better yet, why not open one of the high-yield checking accounts (one of the good places to start https://www.kasasa.com/cash) and get your guaranteed 2.5+% FDIC insured return? (You just need to remember to make 10 miniscule debit card transactions - like Starbucks coffee purchase - per month.) This is where I park my cash reserves. I don't think a short-term bond ETF can beat that.

What are your thoughts here, kenny? Seems that with easy money Bernanke at the wheel, you'd be better off just parking your money in an ING account and drawing 0.75%.

Or better yet, why not open one of the high-yield checking accounts (one of the good places to start https://www.kasasa.com/cash) and get your guaranteed 2.5+% FDIC insured return? (You just need to remember to make 10 miniscule debit card transactions - like Starbucks coffee purchase - per month.) This is where I park my cash reserves. I don't think a short-term bond ETF can beat that.

since kenny the kangaroo ignored this issue for about a week now, its worth responding:

Kenny the kangaroo has a bit o' cash chilling in a money market fund that will be needed within the next year or so. obviously there is some risk that the fed will raise interest rates in that time period, but it seems unlikely. and in the event that interest rates do rise, the short term funds should be less effected. a high yield checking account is intriguing, but at the end of the day, kenny the kangaroo is lazy and would rather not go through the effort to create a new account.

anyways, that cash needs to stay safe and even a short term bond fund probably is a little too risky at this point.

KennyTheKangaroo wrote:[ a high yield checking account is intriguing, but at the end of the day, kenny the kangaroo is lazy and would rather not go through the effort to create a new account.

anyways, that cash needs to stay safe and even a short term bond fund probably is a little too risky at this point.

Just FYI, most of the new accounts on Kasasa Cash can be opened online. It took me less than 10 minutes to do so. After 5 days, you need to sign some forms that come back from the bank and send them the copy of your driver's license. Given how much money I have in there, time well spent.

[Naturally, you need some e-savings account to get the money in-out - like CapitalOne 360, American Express - but I think these days everybody has one.]